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Nov 29, 2012
11/12
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poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world report, give the cliff another name, and that would change the entire impact on its problems. the reality, though, is this. you'll pay higher taxes in all likelihood consider th
poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just...
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Dec 5, 2012
12/12
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plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to the right of you. and remember, this is client golf. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself..
plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to...
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Dec 4, 2012
12/12
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you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you made $100,000 or $150,000. they kept taking the social security taxes. now this is no cap on social security. reagan signed a bill not to touch social security. what happened to all this money? every individual that were had a separate account. all of that money has to be established because the government was supposed to make interest to pay us back when we retired. guest: you are correct in the 1980's there were major changes the captain on the amount of income was lifted -- the cap on the amount of income was lifted. i think it is out about $109,000 right now. after that, if yo
you could have a series of fiscal cliffs. i think that is the most likely occurrence. if you are going to ask members to take tough votes, make them take them on big things, not little things. host: the last call is from ronnie, independent. caller: i have a question this morning. i work for anheuser-busch for over 30 years. in october, they would stop taking out social security tax. that was in the late 1980's and early 1990's. all the sudden, they changed that. it did not matter whether you...
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Dec 4, 2012
12/12
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cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the difference here is
cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of...
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Dec 4, 2012
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i have been watching about the fiscal cliff for the last couple months or so. my problem is they're talking about cutting revenue and entitlements. when it came down to entitlements in the first place, i paid into social security for 30 years. i paid my money. it does not make any sense for you to cut my salary which is almost lower than $16,000 a year. i used to make $38,000. now down to $16,000 and i have to give up more? i do not think that is right. if they just do one thing, all the congressional people, all of the senate people and the people in washington, d.c., give back $10,000 from themselves. 2%. i think they can come up with almost a billion dollars right there. host: ted, what do you think? caller: good morning. i believe that several of the callers today saying that the government should be run like a household. [indiscernible] they need to be able to do that to keep the economy going. programs like medicare, why they are paid into by people throughout their lives, they need to have oversight in order to keep them leaner. i work with medicare a lo
i have been watching about the fiscal cliff for the last couple months or so. my problem is they're talking about cutting revenue and entitlements. when it came down to entitlements in the first place, i paid into social security for 30 years. i paid my money. it does not make any sense for you to cut my salary which is almost lower than $16,000 a year. i used to make $38,000. now down to $16,000 and i have to give up more? i do not think that is right. if they just do one thing, all the...
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Nov 29, 2012
11/12
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. >> what happens if we go off the fiscal cliff? >> it comes to the white coats, the doctors. that's one thing to watch here. because the doctors, the money they get from medicare, that could go down almost 30%. the result, fitch says medicare recipients would have even lower access to doctors, hospitals, and the industry overall would also see a severe negative effect as money coming into the industry, that goes down. this is the number of medicare recipients they expect to thk by some 20 million in the next decade. >> and we heard from chris van hollen, he is against raising the age of eligibility. so lots still to be decided. but thanks for helping us with that. that will wrap up this hour of jansing and company. thomas roberts is up next. >>> good morning, everybody. the agenda next hour, mitt on the menu. mr. romney goes to washington for lunch. can president obama and mitt romney bury the hatchet for the good of the country? we'll head to the white house for a live report on the president's lunch date with his former presidential rival. plus president obama deploys his t
. >> what happens if we go off the fiscal cliff? >> it comes to the white coats, the doctors. that's one thing to watch here. because the doctors, the money they get from medicare, that could go down almost 30%. the result, fitch says medicare recipients would have even lower access to doctors, hospitals, and the industry overall would also see a severe negative effect as money coming into the industry, that goes down. this is the number of medicare recipients they expect to thk by...
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Nov 30, 2012
11/12
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the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with something. it's time to listen to the american people and that is a valid statement. the vast majority of independents support what the president sent to the republicans in the house. the vast majority of democrats support it. more than 40% of the republicans support this proposal. the republicans need to show us they can help lead this country. >> thanks. we can debate whether the november 6 election was a mandate but i don't think we can debate the basics that it was a work order from the american people to members of congress and to the president to work together and solve the problems. we got the mes
the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with...
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Dec 1, 2012
12/12
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. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are watching a developing story in kansas city, missouri, right now. this is what police say appears to be a murder/suicide involving a 25-year-old nfl play
. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Nov 30, 2012
11/12
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we are obviously certainly no further down the road to a f fiscal cliff deal. what's the latest and is this posturing, kelly, or is this real? i mean, is this disagreement about kind of laying out the stakes of where everybody stands and what they're willing to give or is it a possibility that we don't get a deal? >> reporter: well, you do hear rumblings, chris, about no deal. but at the same time people are saying there's still some negotiating time left and a bit of optimism. when you heard the tone of what was unfolding yesterday, it was kind of shocking to republicans who would say that the president's offer is so far from a negotiating point that they are surprised not so much that these are the positions that we're in because much has been the president's public rhetoric but in terms of real negotiating they say they were surprised this wasn't the kind of offer that would have happened some weeks ago, meaning right after the election if you want to start there. but now with just four weeks to go they felt the president needed to move further. democrats be
we are obviously certainly no further down the road to a f fiscal cliff deal. what's the latest and is this posturing, kelly, or is this real? i mean, is this disagreement about kind of laying out the stakes of where everybody stands and what they're willing to give or is it a possibility that we don't get a deal? >> reporter: well, you do hear rumblings, chris, about no deal. but at the same time people are saying there's still some negotiating time left and a bit of optimism. when you...
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Nov 29, 2012
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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Dec 6, 2012
12/12
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cliff down the road. i hope we will not do that. i still think there is time before the end of the year to make that happen, but again, if it does not happen, unfortunately what that does is throw us into another debt ceiling situation, which is just not good for our country. we would be so much better off starting off on january 1 with this in the rearview mirror. our economy would take off and our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i
cliff down the road. i hope we will not do that. i still think there is time before the end of the year to make that happen, but again, if it does not happen, unfortunately what that does is throw us into another debt ceiling situation, which is just not good for our country. we would be so much better off starting off on january 1 with this in the rearview mirror. our economy would take off and our country would be so much better off. >> chris, you understand the politics of the house...
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Dec 4, 2012
12/12
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the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't sa
the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to...
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Dec 6, 2012
12/12
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you protect against that cliff with pse now you're down to only $650 billion of revenue. let's look at it from a public policy perspective. $25,000. there is a good chance your fiscal lot will be $25,000. what to take care deduction, you have used the entire thing. -- once you take the entire deduction, you may have used the entire thing. no reason to turn them in irs. the have used your cap on those items. look at the top 1% under this proposal, 97% would lose any incentive at all to give additional money to charity. these are house holds responsible for one-third of tax-deductible giving. you take away their deduction completely, you will have $10 million left a year going to charity according to the estimates the cbo has done. $450 billion is a painful contribution to deficit reduction. it could -- is a meaningful contribution to deficit reduction. it does not get too close to what you need to satisfy what you need to have a balance plan at the end of the day. i will not walk you through the 18 other ideas that have been floated in some form or another in the public di
you protect against that cliff with pse now you're down to only $650 billion of revenue. let's look at it from a public policy perspective. $25,000. there is a good chance your fiscal lot will be $25,000. what to take care deduction, you have used the entire thing. -- once you take the entire deduction, you may have used the entire thing. no reason to turn them in irs. the have used your cap on those items. look at the top 1% under this proposal, 97% would lose any incentive at all to give...
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Nov 30, 2012
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there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thing you say about show me the money, if we talk about the lack of structural changes that are out t
there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is...
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Nov 30, 2012
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on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> didn't take very long for democrats to hit back at speaker boehner. senate majority leader harry reid got up, a little personal. >> i don't understand his brain, so you should ask him. >> i don't understand his brain. let's go to washington this morning. wow, just when we thought they were getting closer seems like they're even farther apart this morning. >> yeah, you know, the nice
on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction....
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Nov 30, 2012
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people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth would be the centerpiece of the discussion. whatever decisions we would unmake as far as cuts and revenue or raising them with center around how we create jobs. that is how we will reduce the deficit by creating jobs. every time we came to the idea of bold balance, the rivet a question was the hurdle and it is still does. we cannot get there from here in terms of deficit reduction. you can grow your way he to there, but you have to have the revenue as a confidence-building that we are responsible. we will get the job done. he had ended their meeting to go to so he is not here with us now. why
people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth...
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Dec 4, 2012
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we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican proposa
we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even...
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Dec 1, 2012
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as the clock ticks down to the new year, almost every single american is facing the prospect of the fiscal cliff. if we do that act by the end of the year, 28 million families and individuals will be forced to pay the alternative minimum tax. the average middle-class family will see their taxes go up by at least $2,000. economically, if we do not act our nation will fall into it and other painful recession pushing unemployment back up over 9% and putting seniors retirements at risk. the president said he once a so- called balanced approach to solve this crisis. what he proposed this week was a classic bait and switch on the american people. a tax increase double the size of what he campaigned on. maybe i missed it, but i do not recall him asking for any of that during the presidential campaign. these ideas are so radical, they have already been rejected on a bipartisan basis from congress. the president has an obligation to steer us away from the fiscal cliff and to tackle our $16 trillion debt that is driven by runaway entitlement programs. we have seen an utter lack of leadership from pr
as the clock ticks down to the new year, almost every single american is facing the prospect of the fiscal cliff. if we do that act by the end of the year, 28 million families and individuals will be forced to pay the alternative minimum tax. the average middle-class family will see their taxes go up by at least $2,000. economically, if we do not act our nation will fall into it and other painful recession pushing unemployment back up over 9% and putting seniors retirements at risk. the...
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Dec 3, 2012
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obviously, chris, you know i think with the fiscal cliff coming down our pike right now that's what we should be focused on. to address your issue, i think that she's done a very fine job as secretary of state. but what i think she most brings and why i got to know her a little bit in the white house when i was director of defense policy is that when i had an issue, for example, on vets matters, establishing a women's veterans memorial or trying to get the secretary of v.a. to pay more attention to orange tea she would host a tea and have people come together and then helped move the ball down the road. i can remember when i had seen her after my very first campaign, i hadn't even been sworn in wret and as we were coming back to washington she picked up the phone and said i have one call to make and when she was done she said you know i thought i should have won one of those precincts and it was a republican precinct and i didn't but i asked them to check the numbers again and by golly i won it. that type of, hey she really cares about the ground issues of people not just on the secret
obviously, chris, you know i think with the fiscal cliff coming down our pike right now that's what we should be focused on. to address your issue, i think that she's done a very fine job as secretary of state. but what i think she most brings and why i got to know her a little bit in the white house when i was director of defense policy is that when i had an issue, for example, on vets matters, establishing a women's veterans memorial or trying to get the secretary of v.a. to pay more...
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Dec 6, 2012
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cliff show down. tim guy ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're
cliff show down. tim guy ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't...
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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicar
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured the man when will the two of you sit down in or around the you know i don't think that the issue right now that's to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt real discuss uncle sam exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wi
has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured the man when will the two of you sit down in or around the you know i don't think that the issue right now that's to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of...
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caller: looking at the we go back -- at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. >> i agree -- guest: i agree. we sho
caller: looking at the we go back -- at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any...
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Dec 2, 2012
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. >>> i think we ought to recognize this entire fiscal cliff as an artificial invention of washington, created by people in the congress and the presidency, and it can be broken down by them into a series of steps that can be taken without having to be rushed into one gigantic last-minute, little-understood, no hearings, one vote, up or down. i think it's to govern the united states. >> only one month ago before we dive off the fiscal cliff. but as former speaker gingrich rights, is there an easy solution? let's ask new jersey g.o.p. assembly leader john bramnick, and pat goodell. >> what is the fiscal cliff and what does it mean to the viewers? >> first, the business community and regular people want to know whether they're taxes are going to go up across the board. this is about state taxes and personal income taxes. >> i'm a regular guy. i got a family, couple of kids, i live in middle america anywhere. this fiscal cliff, if we go over it, what's going to happen to me? >> first of all, the way you sell your house has to do with capital gains. the value of your house might fall. inc
. >>> i think we ought to recognize this entire fiscal cliff as an artificial invention of washington, created by people in the congress and the presidency, and it can be broken down by them into a series of steps that can be taken without having to be rushed into one gigantic last-minute, little-understood, no hearings, one vote, up or down. i think it's to govern the united states. >> only one month ago before we dive off the fiscal cliff. but as former speaker gingrich rights,...
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stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation isocused on the wealy to get them to pay more. a new study by the tax foundationlips the argument over who really is paying their fair share on its head. the numbers show tax rate paid by individuals in income top 1%, was 23%. all filers in bottom 50%. paid 2%. that i
stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their...
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cliff. last week it was the democrats who came forward with a proposal, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the ameri
cliff. last week it was the democrats who came forward with a proposal, but it was a nonstarter for the republicans. too many tax increases. now the republicans have sent over a deal and still no meeting of the minds. you guessed it, not enough tax increases. here we go again. the deal does offer up $600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on...
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Nov 29, 2012
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that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many ha
that we do not want to do. >> as we continue to move to solve the fiscal cliff problem, one thing we want to look at is make sure small business is ok. i had my first business when i was 19 years old -- a sandwich shop. listen to small businesses, look across there, they are the engine that makes the economy grow. today we will meet with individuals in the business community. next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time...
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Nov 30, 2012
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cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the artistic self advocacy network on been an autistic adults. -- being an autistic adult. "washington journal" live saturday. president obama called on congress to pass an extension of tax cuts for the middle class, while allowing tax rates to increase for people making more than $250,000 a year. later in the day, house speaker john boehner responded to the presidents comments. you can see both of them starting at 8:00 p.m. eastern here on c-span. next, a look at the fiscal health of the federal housing administration. according to a recent audit
cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the...
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Nov 30, 2012
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our theme song today is will we get a fiscal cliff deal done? and i appreciate the music and hopefully we'll hear some sweet music from congress about this. getting down to the wire, guys. >> wow. i don't even know where to start. >> don't stop. keep going. >> please stop. please stop. >> i had a lot of sugared cereal for breakfast this morning. >> references -- he's great is what he is. >> a deejay? you're a deejay? >> a guy throwing around references coming off wilkos like that is aok can me. >> movie anchorman today, sullivan. >> stop it. >> so, brian sullivan international, what exactly does san diego mean in german and, secondly -- >> it's an ancient german word. >> my god. >> and, secondly, brian sullivan international, what do the futures look like right now based on the distressing opening salvo yesterday between tim geithner and republican leaders? >> mika can't hide behind the book. they don't look like much. they're flat to slightly down. everybody is in wait-and-see mode here. there's a story out that mitch mcconnell burst out laughi
our theme song today is will we get a fiscal cliff deal done? and i appreciate the music and hopefully we'll hear some sweet music from congress about this. getting down to the wire, guys. >> wow. i don't even know where to start. >> don't stop. keep going. >> please stop. please stop. >> i had a lot of sugared cereal for breakfast this morning. >> references -- he's great is what he is. >> a deejay? you're a deejay? >> a guy throwing around references...
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elsewhere, with only four weeks to go before we reach that fiscal cliff, republicans offer a proposal for a new deal. it had few specifics. the white house rejected it. tracie potts joins us from washington with the details. >> reporter: good morning, everyone. with a white house proposal and republican proposal on the table, you'd think we would have somewhere to begin negotiations. the white house says what republicans have offered isn't even a start. six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> e
elsewhere, with only four weeks to go before we reach that fiscal cliff, republicans offer a proposal for a new deal. it had few specifics. the white house rejected it. tracie potts joins us from washington with the details. >> reporter: good morning, everyone. with a white house proposal and republican proposal on the table, you'd think we would have somewhere to begin negotiations. the white house says what republicans have offered isn't even a start. six governors, democrats, and...
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Dec 7, 2012
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towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework that includes raising the medicare eligibility age from 65 to 67 squeezing out savings from social security by changing the way inflation is calculated, and possible means testing that could disqualify wealthier, older americans from the medicare program. lawmakers insist any changes will be done gradually and will not impact current retirees, but that's not soothing the fears of seniors who say inflation adjustments will have an immediate impact. >> to tell somebody living on social security, and we have something in the order of one
towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework...
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Dec 7, 2012
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. >>> we are counting down and we are now 24 days away from falling off that fiscal cliff. neither the republicans nor the democrats are backing down from their demands. neither side seems willing to take the first step toward real negotiations. >> even on tv they're saying publicly. the president says they are prepared to go over the cliff if the republicans don't agree to end the tax cuts for the healthiest americans. the republicans believe their counteroffer of closing loopholes and limiting deductions is the way to go. one family from falls church is one of many that will be hit very hard for the cuts are not extended. >> a couple thousands dollars means a couple months rent for this family. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> at a senate hearing yesterday, there was a economist that backed the republicans' plan. he cannot imagine anyone looking at the president's proposal and arguing it wouldn't send the country into reces
. >>> we are counting down and we are now 24 days away from falling off that fiscal cliff. neither the republicans nor the democrats are backing down from their demands. neither side seems willing to take the first step toward real negotiations. >> even on tv they're saying publicly. the president says they are prepared to go over the cliff if the republicans don't agree to end the tax cuts for the healthiest americans. the republicans believe their counteroffer of closing...
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cliff photo-op of yesterday which was the president meeting with the middle class family. now to jobs. we have something of a surprise report. jobs turned out to be up up. the jobless rate is down and the word from the government is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000. leisure and hospitality up. construction, though, lost 20,000 jobs. we should note that jobs numbers were revise d downward, though, for september and october. in september it was revised from 148,000 gain to 238,000. went from 138,000 to 132,000. this month, the 7.7 is a full point lower than where we were at this time last year. so what are we supposed to make of these numbers and does the november report provide us a real sense of where this recovery is right now? let's bring in the man we like to bring in every month, the chief economist for moody's analytics. mark, i have to start wi
cliff photo-op of yesterday which was the president meeting with the middle class family. now to jobs. we have something of a surprise report. jobs turned out to be up up. the jobless rate is down and the word from the government is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000....
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martha: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow bill: we have new video released by police here in new york city of the moments before a man was pushed off a times
martha: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas...
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cliff down the road. i hope we will not do that. i still think there is time before the end of the year to let that happen but again again if it doesn't happen unfortunately what that does is throw up another debt ceiling this way which is just not good for our country. we would be so much better off starting january the first looking in the rearview mirror. our economy would take off in our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> well i have a pretty good understanding of the house, but i'm always wondering into leadership politics. just to broaden the question a little bit, i think the question is whether or not the speaker is going to be able to bring a good part of his caucus, and that will require a united leadership team. >> just to interrupt, and talking short-term. >> i understand and i think that is going to be a requirement. i think one of the decisions that the spea
cliff down the road. i hope we will not do that. i still think there is time before the end of the year to let that happen but again again if it doesn't happen unfortunately what that does is throw up another debt ceiling this way which is just not good for our country. we would be so much better off starting january the first looking in the rearview mirror. our economy would take off in our country would be so much better off. >> chris, you understand the politics of the house from both...
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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Dec 1, 2012
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i'm disappointed in where we are, but going over the fiscal cliff is serious business. i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: you hear a strikingly similar message from other top democratic leaders saying the ball is in the republican's court. >> we are waiting for some specifics somewhere from our republican colleagues to show that they're serious on negotiations. >> reporter: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker, hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession, putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and proposed cuts in
i'm disappointed in where we are, but going over the fiscal cliff is serious business. i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: you hear a strikingly similar message from other top democratic leaders saying the ball is in the republican's...
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here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie: here's a fun fact. co-wrote ten of the album songs. who is so handsome and rowic and talented. >> thank you. >> don't be a jerk dates from 2009. the joe wilson thing was happening. it just seemed like rudeness and you know, the lack of manners and civil discourses breaking down. you know, my cowriter, andy and i came up with this phrase, how about a song don't be a jerk, it's christmas. it wasn't jerk as you know, stephanie. it begins with a d and ends with a k and ends with flick but -- >> stephanie: yes. >> three years later, it is a whole spongebob christmas album where we have a whole bunch of other songs. one done in street cor
here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie:...
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Nov 29, 2012
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the other we go over the fiscal cliff but without any clear path forward or plan. in my view, a really bad plan is worse than no plan. at the end of the last congress, where i was here as a member of the lame duck, we were prevailed upon, persuaded to vote for a two-year extension of the bush tax cuts. the price of that was -- had we not done that, unemployment insurance. where millions of americans would have ended. in the days up to that vote, i got painful personal calls visits from friends neighbors people i know from delaware who are unemployed, long-term unemployed would have gone off of unemployment insurance. right now, we're facing three million americans going off unemployment insurance by january. for example, one of many sort of unspoken about potentially very negative consequences if all of the current law is enacted. now, there are many in the senate democratic caucus, this is part of what you were referring to who are saying we should go over the cliff. let me be clear about why. we see time and time and time again the vast majority, 95% of republica
the other we go over the fiscal cliff but without any clear path forward or plan. in my view, a really bad plan is worse than no plan. at the end of the last congress, where i was here as a member of the lame duck, we were prevailed upon, persuaded to vote for a two-year extension of the bush tax cuts. the price of that was -- had we not done that, unemployment insurance. where millions of americans would have ended. in the days up to that vote, i got painful personal calls visits from friends...
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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investors cautious as they grow increasingly nervous about the fiscal cliff. the dow jones industrial down 14 points, s&p lost and a half, nasdaq down six. over 3 billion shares traded on the big board today. two more companies announcing special cash dividends. the investment company the announcing a dividend of $0.20 per share in the special dividend of a dollar per share both payable before year's end. and announcing a dollar dividend per share, payable on christmas eve. in its release, they went on to say that after january 1st the company believes paying cash dividends may not be the most effective way of rewarding shareholders with those higher taxes on dividends. well, our next guest here says, as washington is wrestling with a fiscal clef, they are not contending with far greater challenges, often hidden from policymakers and the public because of our less than transparent government financial reporting to say the least. well, we often hear about, of course, $16 trillion national debt, a trillion dollar deficit first, the actual liabilities of the fede
investors cautious as they grow increasingly nervous about the fiscal cliff. the dow jones industrial down 14 points, s&p lost and a half, nasdaq down six. over 3 billion shares traded on the big board today. two more companies announcing special cash dividends. the investment company the announcing a dividend of $0.20 per share in the special dividend of a dollar per share both payable before year's end. and announcing a dollar dividend per share, payable on christmas eve. in its release,...